OCI to expand Texas methanol, ammonia complex

The debottlenecking project will increase methanol capacity by 25% to 875,000 tpy. It will also raise ammonia capacity by 15% to 292,000 tpy. OCI said it will adhere to the "highest safety standards in the industry" during its expansion operations, which are expected to conclude in late 2014.

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Orascom Construction Industries (OCI) will
spend $100 million on a debottlenecking project at its methanol complex in Beaumont, Texas,
the company said on Tuesday.

The project will increase methanol capacity by 25% to 875,000
tpy. It will also raise ammonia capacity by 15% to 292,000
tpy.

OCI said it will adhere to the "highest safety standards in
the industry" during its expansion operations.

The projects are scheduled for
completion in the second half of 2014, with full financial
impact in 2015.

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